6711 Williamson RD, Roanoke, VA 24019

Multi-tenant retail office/retail building with a historically high occupancy rate. The building is currently 76% leased to an insurance office, a dentist office, a hair salon, and a retail store. The seller currently occupies one of the tenant spaces (24%) as a law office and is willing to leaseback the space for up to 3 years post closing. The majority of the existing leases are below market averages so there is an opportunity for an investor to create additional value through rental increases. NOI based on existing rents and a sale-leaseback agreement with the seller is estimated at $50,817, indicating a 6.56% CAP; however, NOI based on market rents at stabilization is $81,520, indicating a 10.52% CAP.